The country's spending on consum and services was $60 Businesses invested $15 and built u inventories of goods $5 The Government of X spent $25 on and services and made $5 of transf payments X exports $10 of goods and service importing $15
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- Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?The table below gives some of the items in the U.S. National Income and ProductAccounts in 1995.ItemAmount(trillions ofdollars)Consumption expenditure 4.97Investment 1.14Government expenditures 1.37Net exports 0.08Wages 4.20Interest, rent, and profit 1.68Depreciation 0.89a) Use the expenditure approach to calculate U.S. GDP in 1995.b) Use the income approach to calculate U.S. net domestic product at factor cost inYou are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…
- You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…k Your college bookstore receives a shipment of new economics texts for $60,000. This transaction is O A. included in GDP calculation under consumption. B. not included in GDP calculation, since books bought by the bookstore are intermediate goods. C. not included in GDP since books are exempt from GDP calculation. D. included in GDP under investment since the bookstore earns a profit by selling these books to students. JUL 14 atv MacBook Pro G Search or type URL W X Clear all + N Check answer A Que Que Que Que: Ques Ques Ques1. Calculate GDP, NDP, NI, PI, and DI from the following information. All numbers are in billions of dollars. Wages $ 26,500Consumption Expenditures $30,000Government Expenditures $15,000Imports $18,000Exports $20,000Property Taxes $16,000Sales Taxes $9,715Retained earnings $1,310Personal Income Taxes $2,200Private Investment Expenditures $14,000Interest Income $1,940Pay Roll taxes $1,000Transfer Payments $800 Depreciation $1,200Net Income Made Abroad by Americans $160Indirect Business taxes $2,000Corporate Income Taxes $300 2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 240 million people out which 70 million are under the age of 16, 30 million don't want to work and 10 million are looking for work. 3. Calculate the inflation rate from 2019-2020 if the index number in 2019 was 115 and the index number in 2020 was 119.
- QUESTION TWOSuppose that the economy of Mwaliteta Republic has the following data for some economic variables. Assume that Mwaliteta Republic has a population of 500,000 people.Variable Amount in million ZMWExpenditure on Non-durable goods 98Non-residential fixed investment 79Central government expenditure 60Local government expenditure 82Expenditure on durable goods 82Expenditure on services 99Export expenditure 60Inventory Investment 5Depreciation 4Property income from abroad 12Indirect taxes 12Residential fixed investment 42Personal income tax…Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 2a. Compute the weights of each of PCE, GPDI, NX and GOV) in GDP 2b. Consider the following rates of change (%) for each of the above items. % change PCE 10.70% GPDI -5.00% NX -6.80% GOV 6.30%suppose the government of a country increases spending on roads and highways by 1000 crore taka. show graphically and explain why might this shift be larger than 1000 crore taka.
- Title Use the following data to work Problems 27 and 28. The table lists some macroeconomic data for the.. Description Use the following data to work Problems 27 and 28. The table lists some macroeconomic data for the United States in 2009 Item Billions of dollars Wages paid to labor 8,000 Consumption expenditure 10,000 Net operating surplus 3,400 Investment 1,500 Government expenditure 2,900 Net exports −340 27.Calculate U.S. GDP in 2009. 28.Explain the approach (expenditure or income) that you used to calculate GDP. Use the following data to work Problems 29 to 31. Quantities 2009 2010 Apples 60 160 Oranges 80 220 Prices 2009 2010 Apples $0.50 $1.00 Oranges $0.25 $2.00 An economy produces only apples and oranges. The base year is 2009, and the table gives the quantities produced and the prices. 29.Calculate nominal GDP in 2009 and 2010. 30.Calculate real GDP in 2009 and 2010 expressed in base-year prices. 31.GDP…In the GDP equation, business spending is referred to as: O Consumption Investment O Government O Net ExportsGive a well explained answer. What's the benefit of expenditure on R&D in an economy.
